- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Banking regulators issued some relief for banks worried about the effects of adopting CECL, but bankers are still concerned it won’t go far enough.
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Efforts to adopt CECL are generally underway in the banking sector, but companies outside financial services may still have plenty to do.
Despite calls for delay or reconsideration of the pending new model for recognizing loan losses, entities are implementing as if nothing will change.
The long-awaited new accounting for credit losses, better known as CECL, is moving forward in 2019 unless someone takes definitive action to delay or alter it.
